Mortgage approvals, overdrafts and consumer credit remain below 2019 levels

Usage of overdrafts has been around 25% lower than 2019

According to the report, mortgage payment breaks were most common among loans with a previous modification (40%). Picture: iStock

Household demand for mortgages and consumer credit remains below 2019 levels due to the shock of Covid-19 a report from the Central Bank states.

The Central Bank has today published a special edition of the Household Credit Market Report providing information on the household credit market since the emergence of the pandemic.